WHAT CONTROLS BITCOIN PRICE

https://faucetbitcoin.org/ and crypto-inspired CBDCs are being explored by central banks and governments around the world, with China already beginning to roll out its own digital yuan. Narayanan believes, however, that eventually regulations should help stabilize crypto prices. He says this is because regulations could allow for more institutional investment, with retail investors injecting more capital into digital assets. Massive inflows of capital could cause the prices of regulated cryptos to stabilize, attracting retail investors who haven’t taken the asset class seriously yet. This would further drive value and stability. The same goes for the Bitcoin network, except instead of ldquo;several smaller places,rdquo; the control of the system is delegated to thousands of nodes – people who choose to run the Bitcoin software on their computers.